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Asian 100: Bank clean-up slows

Asia’s clean-up of its banking mess is losing momentum. There is recognition of what needs to be done but getting there is proving difficult. The crisis atmosphere has abated and economic recovery will pull the banks along with it. But failure to deal with bad debts will hold countries back.

February 1, 2001

Equitable PCI Bank (48) is the joint highest climber in the Asia-Pacific Top 100 banks following the merger of Equitable Banking Corporation, with its focus on the region’s Chinese population, and Philippine Commercial International Bank, which lends more to the corporate and ethnic Filipino market. Philippine banks remain in generally good health, though depositors have been spooked by cronyism – in a recent auction of the government’s entire 30% share in Philippine National Bank the sole bidder was Lucio Tan, an ally of president Joseph Estrada.

Thanks to currency and capital controls, China has so far been largely spared from the troubles of the rest of Asia and takes the four top places for non-Japanese banks. Shanghai Pudong Development Bank (up from 97 to 54) is benefiting from the development of the Pudong district of Shanghai and has one of the lowest NPL ratios of its peers. The collapse in October 1998 of GITIC, the former investment arm of the Guangdong provincial government, focused attention on the true state of health of China’s financial institutions. Foreign creditors complained about a lack of transparency in the bankruptcy proceedings, alleging that closed-door government dealing might have been infringing on their rights.

HSBC relocated its headquarters to the UK in 1999 and so falls out of the rankings, Commonwealth Bank of Australia (up one place to 10th) enters the top 10 for the first time, having in June acquired Colonial Group, including State Bank of New South Wales. Macquarie climbs 31 places following its integration of Bankers Trust’s Australian investment-banking activities.

Bumiputra-Commerce Bank (53), formed in October 1999 through the merger of the government-owned Bank Bumiputra Malaysia Berhad (BBMB) and Bank of Commerce (BOC), rises 26 places. The merger with BOC is the third rescue of the bank (Petronas recapitalised BOC in 1983 and 1989). Although Malaysia has been vigorous in consolidating its banking sector through Danaharta, Danamodal and the Corporate Debt Restructuring Committee, the country’s leading 54 banks have failed to meet the December 2000 deadline to merge into 10 core banks

Thai banks have fallen the most in the league table: Bangkok Bank (14 to 47); Thai Farmers Bank (36 to 57) and Bank of Ayudhya (47 to 72). Regulatory pressure to raise new capital has so far not been strong but an expected tightening of requirements for loan-loss provisions will force banks to recapitalize. So might competition: five foreign banks (ABN Amro, DBS, HSBC, Standard Chartered and United Overseas Bank) already control 10% of the system’s $150 billion in assets.

Banks have returned to profitability, helped by low interest rates on deposits. But slow progress in cleaning up bad loans, estimated even on official figures to be 30% of the total outstanding (Jerome S Fons of Moody’s puts the figure, using US GAAP accounting standards at nearer 80%) makes them vulnerable to rising domestic rates.

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Asia-Pacific Top 100
Rank 2000 Pro-forma ranking 1999 Bank Country Fiscal period Shareholder equity ($m) Equity growth Total assets ($m) Asset growth Net income ($m) Income growth RoE, period end Moody’s ratings (as of Nov 1st, 2000)
1 1 Industrial&Commercial Bank of China (ICBC) China 1999 21,919 -1.30% 427,546 9.30% 498 19.50% 2.30% Baa1/P-2/E
2 2 Bank of China China 1999 17,922 3.90% 350,736 3.70% 534 -21.90% 3.00% Baa1/P-2/E+
3 3 Agricultural Bank of China China 1999 16,241 -0.30% 274,876 12.50% -43 -61.10% -0.30% Baa1/P-2/E
4 4 China Construction Bank China 1999 12,908 6.40% 265,845 14.40% 599 356.10% 4.60% Baa1/P-2/E
5 5 National Australia Bank Australia 1999 12,105 29.00% 166,066 10.80% 1,844 53.80% 15.20% Aa3/P-1/B
6 7 Development Bank of Singapore Singapore 1999 6,378 11.00% 63,912 8.30% 644 875.80% 10.10% Aa2/P-1/C+
7 9 Australia&New Zealand Banking Group Australia 1999 6,163 23.40% 97,390 9.30% 967 46.90% 15.70% Aa3/P-1/B
8 6 Bank of Taiwan Taiwan 1999 5,914 -9.00% 66,143 7.40% 238 -77.30% 4.00% A1/P-1/C
9 8 Westpac Banking Corp Australia 1999 5,807 15.20% 91,647 12.10% 952 25.70% 16.40% Aa3/P-1/B
10 11 Commonwealth Bank of Australia Australia 1999 4,580 8.40% 90,853 13.40% 936 39.90% 20.40% Aa3/P-1/B
11 10 Overseas Chinese Banking Corp Singapore 1999 4,467 1.70% 32,591 -4.40% 414 43.30% 9.30% Aa3/P-1/B
12 12 United Overseas Bank Singapore 1999 3,979 7.00% 33,917 10.20% 456 126.90% 11.50% Aa2/P-1/B
13 21 China Development Industrial Bank Taiwan 1999 3,340 42.80% 5,463 83.90% 365 25.70% 10.90% Baa2/P-3/D+
14 15 Bank of Communications China 1999 3,251 15.40% 64,986 11.20% 223 27.70% 6.90% Baa2/P-3/D
15 18 Kookmin Bank South Korea 1999 3,098 24.70% 64,424 -5.10% -25 -90.80% -0.80% Baa3/P-3/D
16 16 Overseas Union Bank Singapore 1999 2,910 8.90% 23,636 -10.30% 270 152.30% 9.30% A1/P-1/C
17 17 Malayan Banking Berhad Malaysia 2000 2,796 12.20% 33,506 8.40% 358 40.40% 12.80% Baa3/P-3/D+
18 19 State Bank of India India 2000 2,793 13.90% 60,130 14.70% 472 94.90% 16.90% Ba3/NP/D+
19 22 Krung Thai Bank Thailand 1999 2,691 15.40% 26,420 -11.20% -2,448 42.30% -90.90% Ba1/NP/E+
20 20 First Commercial Bank Taiwan 1999 2,623 10.70% 37,597 10.10% 195 -12.90% 7.40% A3/P-2/D
21 26 Shinhan Bank South Korea 1999 2,579 27.40% 37,637 6.80% 101 335.40% 3.90% Baa3/P-3/D
22 24 Hua Nan Commercial Bank Taiwan 1999 2,433 10.30% 35,191 8.80% 170 -22.40% 7.00% A3/P-2/D
23 23 St George Bank Australia 1999 2,375 5.50% 29,423 11.70% 103 -22.30% 4.30% A3/P-2/C
24 13 Hanvit Bank South Korea 1999 2,362 -30.00% 64,288 -14.90% -2,012 43.10% -85.20% Ba1/NP/E
25 25 Land Bank of Taiwan Taiwan 1999 2,288 12.00% 43,406 22.50% 232 -1.40% 10.10% A2/P-2/D+
26 27 Chang Hwa Commercial Bank Taiwan 1999 2,193 9.40% 34,129 9.50% 134 9.90% 6.10% A3/P-2/D
27 28 Bank of East Asia Hong Kong 1999 1,939 7.30% 18,754 7.20% 192 81.20% 9.90% Baa1/P-2/D+
28 — Cho Hung Bank South Korea 1999 1,936 1528.60% 41,437 23.00% -659 -61.80% -34.00% Ba1/NP/E
29 29 United World Chinese Commercial Bank Taiwan 1999 1,936 7.70% 19,765 14.50% 203 8.40% 10.50% A3/P-2/D+
30 41 H&CB South Korea 1999 1,901 72.30% 42,968 9.70% 401 -217.00% 21.10% Baa3/P-3/D
31 30 International Commercial Bank of China Taiwan 1999 1,830 6.50% 22,842 9.10% 154 4.10% 8.40% A2/P-2/D+
32 50 Hana Bank South Korea 1999 1,704 136.30% 32,492 78.10% 128 107.90% 7.50% Ba2/NP/E+
33 34 Chinatrust Commercial Bank Taiwan 1999 1,672 12.60% 20,045 11.20% 155 20.30% 9.30% Baa1/P-2/D+
34 38 Taiwan Business Bank [1] Taiwan 1999 1,645 46.80% 26,901 18.20% 120 13.70% 7.30% –/–/–
35 31 Keppel TatLee Bank Singapore 1999 1,642 4.90% 14,548 18.80% 156 -40.20% 9.50% A2/P-1/C
36 35 Taiwan Cooperative Bank Taiwan 1999 1,621 9.40% 47,910 10.50% 152 -7.90% 9.40% –/–/–
37 32 Dao Heng Bank Hong Kong 2000 1,619 6.10% 18,326 7.70% 223 43.90% 13.80% A3/P-2/C
38 43 China Merchants Bank China 1999 1,435 42.30% 19,866 19.10% 118 -35.60% 8.20% Ba2/NP/E+
39 62 Siam Commercial Bank Thailand 1999 1,429 145.90% 18,418 -7.90% -946 68.60% -66.20% Ba1/NP/E+
40 33 Korea Exchange Bank South Korea 1999 1,381 -8.50% 41,904 -11.10% -727 -8.10% -52.60% Ba1/NP/E
41 — Bank Mandiri (P.T.) [2] Indonesia 1999 1,371 -111.00% 31,865 152.00% -9,667 -38.10% -705.30% Caa1/NP/E
42 46 Chiao Tung Bank Taiwan 1999 1,328 38.70% 16,736 2.70% 138 9.50% 10.40% A3/P-2/E+
43 40 Public Bank Berhad Malaysia 1999 1,299 17.40% 11,378 3.10% 162 1102.70% 12.50% Baa3/P-3/D+
44 37 Metropolitan Bank&Trust Philippines 1999 1,261 12.10% 10,021 34.80% 78 -35.60% 6.20% Ba2/NP/D+
45 39 Taipei Bank Taiwan 1999 1,226 10.40% 17,159 11.10% 81 -33.40% 6.60% –/–/–
46 42 Shanghai Commercial&Savings Bank Taiwan 1999 1,217 10.80% 10,245 8.30% 128 -7.50% 10.50% –/–/–
47 14 Bangkok Bank Thailand 1999 1,204 -57.40% 31,449 -11.40% -1,592 14.30% -132.20% Ba1/NP/D
48 91 Equitable-PCI Bank Philippines 1999 1,159 180.50% 6,323 126.30% 31 -23.50% 2.70% Ba2/NP/D
49 48 China Everbright Bank China 1999 1,115 51.90% 20,278 124.70% 82 -22.90% 7.30% Ba1/NP/E+
50 59 RHB Bank Berhad Malaysia 1999 1,105 69.90% 13,676 48.50% 72 522.10% 6.50% Ba1/NP/E+
51 45 Shanghai Commercial Bank Hong Kong 1999 1,040 8.20% 7,453 4.70% 123 14.50% 11.80% A3/P-2/C
52 44 Citic Industrial Bank China 1999 970 0.70% 19,003 17.70% 92 -46.40% 9.50% Baa3/P-3/D
53 79 Bumiputra-Commerce Bank [3] Malaysia 1999 959 97.80% 16,747 15.80% 43 -111.50% 4.50% Ba1/NP/E+
54 97 Shanghai Pudong Development Bank China 1999 939 138.90% 12,466 21.50% 112 18.70% 11.90% Ba2/NP/E+
55 — SeoulBank South Korea 1999 923 312.90% 21,438 -13.30% -1,971 6.10% -213.60% Ba3/NP/E
56 49 Koram Bank South Korea 1999 882 22.10% 20,328 22.10% 44 22.00% 5.00% Ba2/NP/E+
57 36 Thai Farmers Bank Thailand 1999 842 -42.50% 19,511 -7.70% -1,251 11.70% -148.60% Ba1/NP/D
58 57 Suncorp-Metway Australia 1999 814 19.60% 14,142 7.60% 163 13.70% 20.00% A3/P-2/C
59 54 International Bank of Taipei Taiwan 1999 799 14.80% 9,311 9.80% 89 19.00% 11.20% –/–/–
60 51 Wing Lung Bank Hong Kong 1999 789 9.60% 7,708 12.10% 110 42.40% 14.00% Baa1/P-2/C
61 52 Farmers Bank of China Taiwan 1999 759 7.20% 16,657 16.50% 10 -81.40% 1.30% –/–/–
62 93 Macquarie Bank Australia 1999 748 82.70% 14,175 138.40% 127 22.80% 17.00% A2/P-1/C+
63 53 Bank of the Philippine Islands [4] Philippines 1999 747 5.70% 5,733 2.30% 100 -15.10% 13.40% Ba2/NP/C
64 55 Bank of Baroda India 2000 744 8.90% 13,476 9.50% 116 16.80% 15.60% Ba3/NP/D
65 67 Taishin International Bank Taiwan 1999 709 29.00% 7,700 5.30% 58 25.70% 8.20% –/–/–
66 56 Citic Ka Wah Hong Kong 1999 692 1.60% 6,295 10.50% 14 5.70% 2.00% Baa2/P-3/D
67 60 Bank Sinopac Taiwan 1999 685 5.50% 7,635 12.90% 57 83.10% 8.30% Baa3/P-3/D+
68 58 Liu Chong Hing Bank Hong Kong 1999 680 3.30% 4,621 11.90% 46 5.00% 6.80% –/–/–
69 63 Fubon Commercial Bank Taiwan 1999 646 12.60% 7,132 15.70% 54 73.60% 8.30% –/–/–
70 82 E. Sun Commercial Bank Taiwan 1999 639 36.50% 6,962 12.00% 48 17.10% 7.50% Baa3/P-3/D
71 64 Wing Hang Bank Hong Kong 1999 628 9.90% 6,509 4.10% 88 35.40% 14.00% Baa1/P-2/D+
72 47 Bank of Ayudhya Thailand 1999 610 -18.70% 11,884 -12.00% -585 118.60% -95.80% Ba2/NP/E+
73 — Bank Central Asia Indonesia 1999 578 -118.00% 13,681 60.10% 91 -102.50% 15.70% –/–/–
74 75 Grand Commercial Bank Taiwan 1999 577 13.20% 6,317 16.10% 54 70.20% 9.30% –/–/–
75 68 Canara Bank India 2000 565 5.60% 12,509 10.30% 54 1.80% 9.60% Ba3/NP/D
76 73 Taichung Commercial Bank Taiwan 1999 554 7.50% 6,797 -3.30% 20 -117.90% 3.50% –/–/–
77 69 Chinese Bank Taiwan 1999 544 2.80% 6,346 15.00% 9 -64.20% 1.60% –/–/–
78 74 Far Eastern International Bank Taiwan 1999 540 4.70% 5,377 7.40% 11 -54.90% 2.00% –/–/–
79 71 Hsinchu International Bank Taiwan 1999 533 2.90% 8,646 2.80% 0 -99.90% 0.00% –/–/–
80 72 Bank of India India 2000 528 2.00% 12,891 1.40% 40 -15.60% 7.60% Ba3/NP/D
81 65 Dah An Commercial Bank Taiwan 1999 527 -7.60% 5,800 6.30% -59 -310.00% -11.20% –/–/–
82 66 Guangdong Development Bank China 1999 526 -7.10% 14,723 14.00% 22 -17.70% 4.20% B1/NP/E
83 81 Union Bank of Taiwan Taiwan 1999 521 9.70% 6,195 8.80% 35 42.40% 6.70% –/–/–
84 80 Cosmos Bank Taiwan 1999 517 8.00% 6,059 4.40% 25 -7.60% 4.90% –/–/–
85 — Southern Bank Berhad Malaysia 1999 512 62.50% 4,632 94.00% 27 179.70% 5.30% –/–/–
86 76 HKCB Bank Holding Hong Kong 1999 508 1.10% 3,424 -0.10% 5 -106.40% 1.00% –/–/–
87 83 Bank of Shanghai China 1999 505 9.60% 9,244 29.90% 90 -10.00% 17.90% –/–/–
88 78 Entie Commercial Bank Taiwan 1999 500 2.10% 5,941 13.60% 13 -33.70% 2.50% –/–/–
89 70 Bank of Overseas Chinese Taiwan 1999 487 -6.90% 9,327 7.30% -56 -1734.00% -11.60% –/–/–
90 86 Daegu Bank South Korea 1999 483 12.60% 10,467 9.90% 25 -106.20% 5.30% Ba3/NP/E+
91 77 Far East Bank and Trust [4] Philippines 1999 480 -2.60% 3,405 -2.60% 15 -68.50% 3.10% –/–/–
92 92 Ta Chong Bank Taiwan 1999 469 14.40% 5,725 16.80% 0 -97.80% 0.10% –/–/–
93 95 Hong Leong Bank Berhad Malaysia 1999 463 14.60% 6,458 18.50% 31 210.00% 6.70% –/–/–
94 85 Cathay United Bank Taiwan 1999 461 3.00% 4,020 5.40% 1 -96.20% 0.20% –/–/–
95 — BankThai Thailand 1999 453 -2089.20% 6,282 230.70% -512 8.90% -112.80% –/–/–
96 84 Central Bank of India India 2000 448 -2.40% 9,536 14.50% 35 1.50% 7.80% Ba3/NP/E
97 — Punjab National Bank India 2000 441 19.50% 12,446 14.00% 94 7.20% 21.30% Ba3/NP/D
98 94 Dah Sing Bank Hong Kong 1999 440 7.50% 5,416 9.40% 56 95.70% 12.80% Baa1/P-2/D+
99 90 Asia Pacific Bank Taiwan 1999 438 5.10% 4,898 13.60% 24 -20.90% 5.60% –/–/–
100 89 Fujian Industrial Bank China 1999 429 0.70% 5,940 43.10% 38 -15.70% 8.80% –/–/–
 
[1] Year end: December 1999 and June 1998
[2] Merger of four banks:Bank Dagang Negara, Bank Bumi Daya, Bank Pembangunan Indonesia and Bank Exim
[3] Bank Bumiputra Malaysia Berhad and Bank of Commerce (M) Berhad merged in October 1999. 1999 financials incorporate three months operation of the former Bank Bumiputra Malaysia Berhad and 12 months of the former Bank of Commerce (M) Berhad.
[4] Merged in 2000


Asean Top 25
Rank 2000 Pro-forma ranking 1999 Bank Country Fiscal period Shareholder equity ($m) Equity growth Total assets ($m) Asset growth Net income ($m) Income growth RoE, period end Moody’s ratings (as of Nov 1st, 2000)
1 1 Development Bank of Singapore Singapore 1999 6,378 11.00% 63,912 8.30% 644 875.80% 10.10% Aa2/P-1/C+
2 2 Overseas Chinese Banking Corp Singapore 1999 4,467 1.70% 32,591 -4.40% 414 43.30% 9.30% Aa3/P-1/B
3 3 United Overseas Bank Singapore 1999 3,979 7.00% 33,917 10.20% 456 126.90% 11.50% Aa2/P-1/B
4 5 Overseas Union Bank Singapore 1999 2,910 8.90% 23,636 -10.30% 270 152.30% 9.30% A1/P-1/C
5 6 Malayan Banking Berhad Malaysia 2000 2,796 12.20% 33,506 8.40% 358 40.40% 12.80% Baa3/P-3/D+
6 7 Krung Thai Bank Thailand 1999 2,691 15.40% 26,420 -11.20% -2,448 42.30% -90.90% Ba1/NP/E+
7 8 Keppel TatLee Bank Singapore 1999 1,642 4.90% 14,548 18.80% 156 -40.20% 9.50% A2/P-1/C
8 16 Siam Commercial Bank Thailand 1999 1,429 145.90% 18,418 -7.90% -946 68.60% -66.20% Ba1/NP/E+
9 — Bank Mandiri (P.T.) [1] Indonesia 1999 1,371 -111.00% 31,865 152.00% -9,667 -38.10% -705.30% Caa1/NP/E
10 11 Public Bank Berhad Malaysia 1999 1,299 17.40% 11,378 3.10% 162 1102.70% 12.50% Baa3/P-3/D+
11 10 Metropolitan Bank&Trust Philippines 1999 1,261 12.10% 10,021 34.80% 78 -35.60% 6.20% Ba2/NP/D+
12 4 Bangkok Bank Thailand 1999 1,204 -57.40% 31,449 -11.40% -1,592 14.30% -132.20% Ba1/NP/D
13 19 Equitable-PCI Bank Philippines 1999 1,159 180.50% 6,323 126.30% 31 -23.50% 2.70% Ba2/NP/D
14 14 RHB Bank Berhad Malaysia 1999 1,105 69.90% 13,676 48.50% 72 522.10% 6.50% Ba1/NP/E+
15 18 Bumiputra-Commerce Bank [2] Malaysia 1999 959 97.80% 16,747 15.80% 43 -111.50% 4.50% Ba1/NP/E+
16 9 Thai Farmers Bank Thailand 1999 842 -42.50% 19,511 -7.70% -1,251 11.70% -148.60% Ba1/NP/D
17 13 Bank of the Philippine Islands [3] Philippines 1999 747 5.70% 5,733 2.30% 100 -15.10% 13.40% Ba2/NP/C
18 12 Bank of Ayudhya Thailand 1999 610 -18.70% 11,884 -12.00% -585 118.60% -95.80% Ba2/NP/E+
19 — Bank Central Asia Indonesia 1999 578 -118.00% 13,681 60.10% 91 -102.50% 15.70% –/–/–
20 — Southern Bank Berhad Malaysia 1999 512 62.50% 4,632 94.00% 27 179.70% 5.30% –/–/–
21 17 Far East Bank and Trust [3] Philippines 1999 480 -2.60% 3,405 -2.60% 15 -68.50% 3.10% –/–/–
22 20 Hong Leong Bank Berhad Malaysia 1999 463 14.60% 6,458 18.50% 31 210.00% 6.70% –/–/–
23 — BankThai Thailand 1999 453 -2089.20% 6,282 230.70% -512 8.90% -112.80% –/–/–
24 — Pan Indonesia Bank TBK (P.T.) Indonesia 1999 408 138.30% 1,608 22.80% 5 872.90% 1.20% Caa1/NP/E+
25 — Rizal Commercial Bank Corp. Philippines 1999 399 19.60% 3,097 10.00% 10 -51.30% 2.50% Ba3/NP/E+
 
[1] Merger of four banks: Bank Dagang Negara, Bank Bumi Daya, Bank Pembangunan Indonesia and Bank Exim
[2] Bank Bumiputra Malaysia Berhad and Bank of Commerce (M) Berhad merged in October 1999. 1999 financials incorporate three months’ operation of the former Bank Bumiputra Malaysia Berhad and 12 months of the former Bank of Commerce (M) Berhad.
[3] Merged in 2000


Top banks in Australasia
Rank 2000 Pro-forma ranking 1999 Bank Country Fiscal period Shareholder equity ($m) Equity growth Total assets ($m) Asset growth Net income ($m) Income growth RoE, period end Moody’s ratings (as of Nov 1st, 2000)
1 1 National Australia Bank Australia 1999 12,105 29.00% 166,066 10.80% 1,844 53.80% 15.20% Aa3/P-1/B
2 2 Westpac Banking Corp Australia 1999 5,807 15.20% 91,647 12.10% 952 25.70% 16.40% Aa3/P-1/B
3 3 Australia&New Zealand Banking Group Australia 1999 6,163 23.40% 97,390 9.30% 967 46.90% 15.70% Aa3/P-1/B
4 4 Commonwealth Bank of Australia Australia 1999 4,580 8.40% 90,853 13.40% 936 39.90% 20.40% Aa3/P-1/B
5 5 St George Bank Australia 1999 2,375 5.50% 29,423 11.70% 103 -22.30% 4.30% A3/P-2/C
6 6 Suncorp-Metway Australia 1999 814 19.60% 14,142 7.60% 163 13.70% 20.00% A3/P-2/C
7 7 Macquarie Bank Australia 1999 748 82.70%<, /TD>, 14,175 138.40% 127 22.80% 17.00% A2/P-1/C+
8 8 ASB Bank New Zealand 1999 393 17.90% 7,818 19.00% 62 12.90% 15.70% –/–/–
9 9 Banque Socredo Tahiti 1998 153 0.00% 1,174 -5.50% 12 -20.90% 7.80% –/–/–
10 10 Adelaide Bank Australia 1999 139 14.20% 3,200 31.10% 20 11.50% 14.50% Baa3/P-3/D+
11 11 AMP Bank Australia 1999 145 25.50% 3,231 160.60% -27 271.10% -18.80% A2/P-1/D+
12 12 Bendigo Bank Australia 1999 158 73.40% 2,766 42.20% 13 48.90% 8.20% –/–/–
13 13 Bank of Queensland Australia 1999 108 30.30% 1,964 21.40% 12 34.10% 11.30% Baa3/P-3/D+
14 14 Banque Calédonienne d’Investissement New Caledonia 1998 85 5.30% 851 10.80% 5 14.80% 5.80% –/–/–
15 15 Banque de Tahiti Tahiti 1998 52 11.20% 740 10.40% 7 -10.50% 12.60% –/–/–
16 16 Papua New Guinea Banking Corp Papua New Guinea 1998 52 44.40% 596 -4.60% 18 88.80% 33.80% –/–/–
17 17 Bank of South Pacific Papua New Guinea 1998 21 61.50% 224 1.80% 7 101.80% 32.10% –/–/–
18 18 Pacific Commercial Bank Samoa 1999 4 14.60% 32 16.30% 1 31.80% 21.30% –/–/–


Northern Asia Top 25
Rank 2000 Pro-forma ranking 1999 Bank Country Fiscal period Shareholder equity ($m) Equity growth Total assets ($m) Asset growth Net income ($m) Income growth RoE, period end Moody’s ratings (as of Nov 1st, 2000)
2 2 Bank of China China 1999 17,922 3.90% 350,736 3.70% 534 -21.90% 3.00% Baa1/P-2/E+
3 3 Agricultural Bank of China China 1999 16,241 -0.30% 274,876 12.50% -43 -61.10% -0.30% Baa1/P-2/E
4 4 China Construction Bank China 1999 12,908 6.40% 265,845 14.40% 599 356.10% 4.60% Baa1/P-2/E
5 5 Bank of Taiwan Taiwan 1999 5,914 -9.00% 66,143 7.40% 238 -77.30% 4.00% A1/P-1/C
6 10 China Development Industrial Bank Taiwan 1999 3,340 42.80% 5,463 83.90% 365 25.70% 10.90% Baa2/P-3/D+
7 7 Bank of Communications China 1999 3,251 15.40% 64,986 11.20% 223 27.70% 6.90% Baa2/P-3/D
8 8 Kookmin Bank South Korea 1999 3,098 24.70% 64,424 -5.10% -25 -90.80% -0.80% Baa3/P-3/D
9 9 First Commercial Bank Taiwan 1999 2,623 10.70% 37,597 10.10% 195 -12.90% 7.40% A3/P-2/D
10 13 Shinhan Bank South Korea 1999 2,579 27.40% 37,637 6.80% 101 335.40% 3.90% Baa3/P-3/D
11 11 Hua Nan Commercial Bank Taiwan 1999 2,433 10.30% 35,191 8.80% 170 -22.40% 7.00% A3/P-2/D
12 6 Hanvit Bank South Korea 1999 2,362 -30.00% 64,288 -14.90% -2,012 43.10% -85.20% Ba1/NP/E
13 12 Land Bank of Taiwan Taiwan 1999 2,288 12.00% 43,406 22.50% 232 -1.40% 10.10% A2/P-2/D+
14 14 Chang Hwa Commercial Bank Taiwan 1999 2,193 9.40% 34,129 9.50% 134 9.90% 6.10% A3/P-2/D
15 15 Bank of East Asia Hong Kong 1999 1,939 7.30% 18,754 7.20% 192 81.20% 9.90% Baa1/P-2/D+
16 — Cho Hung Bank South Korea 1999 1,936 1528.60% 41,437 23.00% -659 -61.80% -34.00% Ba1/NP/E
17 16 United World Chinese Commercial Bank Taiwan 1999 1,936 7.70% 19,765 14.50% 203 8.40% 10.50% A3/P-2/D+
18 24 H&CB South Korea 1999 1,901 72.30% 42,968 9.70% 401 -217.00% 21.10% Baa3/P-3/D
19 17 International Commercial Bank of China Taiwan 1999 1,830 6.50% 22,842 9.10% 154 4.10% 8.40% A2/P-2/D+
20 — Hana Bank South Korea 1999 1,704 136.30% 32,492 78.10% 128 107.90% 7.50% Ba2/NP/E+
21 20 Chinatrust Commercial Bank Taiwan 1999 1,672 12.60% 20,045 11.20% 155 20.30% 9.30% Baa1/P-2/D+
22 22 Taiwan Business Bank [1] Taiwan 1999 1,645 46.80% 26,901 18.20% 120 13.70% 7.30% –/–/–
23 21 Taiwan Cooperative Bank Taiwan 1999 1,621 9.40% 47,910 10.50% 152 -7.90% 9.40% –/–/–
24 18 Dao Heng Bank Hong Kong 2000 1,619 6.10% 18,326 7.70% 223 43.90% 13.80% A3/P-2/C
25 — China Merchants Bank China 1999 1,435 42.30% 19,866 19.10% 118 -35.60% 8.20% Ba2/NP/E+
 
[1] Year end: December 1999 and June 1998


Indian subcontinent Top 25
Rank 2000 Pro-forma ranking 1999 Bank Country Fiscal period Shareholder equity ($m) Equity growth Total assets ($m) Asset growth Net income ($m) Income growth RoE, period end Moody’s ratings (as of Nov 1st, 2000)
1 1 State Bank of India India 2000 2,793 13.90% 60,130 14.70% 472 94.90% 16.90% Ba3/NP/D+
2 2 Bank of Baroda India 2000 744 8.90% 13,476 9.50% 116 16.80% 15.60% Ba3/NP/D
3 3 Canara Bank India 2000 565 5.60% 12,509 10.30% 54 1.80% 9.60% Ba3/NP/D
4 4 Bank of India India 2000 528 2.00% 12,891 1.40% 40 -15.60% 7.60% Ba3/NP/D
5 5 Central Bank of India India 2000 448 -2.40% 9,536 14.50% 35 1.50% 7.80% Ba3/NP/E
6 6 Punjab National Bank India 2000 441 19.50% 12,446 14.00% 94 7.20% 21.30% Ba3/NP/D
7 8 Oriental Bank of Commerce India 2000 328 13.00% 5,643 27.50% 64 18.00% 19.50% Ba3/NP/D
8 7 National Bank of Pakistan Pakistan 1999 308 -6.50% 6,747 -4.80% -3 -131.00% -1.10% Ca/NP/E+
9 10 Union Bank of India India 2000 280 4.00% 8,045 9.30% 23 -39.10% 8.20% Ba3/NP/E+
10 11 Corporation Bank India 2000 263 14.30% 3,854 9.10% 53 17.80% 20.20% –/–/–
11 15 Syndicate Bank India 2000 192 45.50% 6,227 20.70% 49 44.10% 25.50% –/–/–
12 23 HDFC Bank India 2000 175 118.80% 2,672 160.70% 28 47.40% 16.00% –/–/–
13 12 Bank of Ceylon Sri Lanka 1998 159 -16.80% 2,541 1.80% 12 -63.60% 7.50% –/–/–
14 13 United Bank Pakistan 1999 155 -7.50% 2,983 -2.00% 10 -83.30% 6.30% Ca/NP/E
15 16 Dena Bank India 2000 148 14.70% 3,863 10.40% 26 0.00% 17.60% –/–/–
16 19 Andhra Bank India 2000 134 15.50% 3,623 33.00% 28 33.30% 20.90% –/–/–
17 17 Indian Over, seas Bank India 2000 132 3.10% 6,332 9.80% 9 -30.80% 6.80% –/–/–
18 18 Indusind Bank India 2000 122 -2.40% 1,833 26.10% 13 44.40% 10.70% –/–/–
19 25 Global Trust Bank India 2000 121 77.90% 1,727 40.90% 25 47.10% 20.70% –/–/–
20 21 State Bank of Travancore India 2000 99 10.00% 2,851 11.50% 15 50.00% 15.20% –/–/–
21 20 Muslim Commercial Bank Pakistan 1999 98 -6.40% 3,058 -6.10% 11 26.40% 11.10% Ca/NP/E+
22 22 National Development Bank of Sri Lanka Sri Lanka 1999 85 2.40% 521 10.90% 10 -16.70% 11.80% –/–/–
23 14 Vijaya Bank India 2000 84 -42.10% 2,933 12.20% 12 71.40% 14.30% –/–/–
24 24 Federal Bank (The) India 2000 83 9.20% 1,743 -8.40% 11 1000.00% 13.30% –/–/–
25 9 Habib Bank Pakistan 1999 82 -71.10% 5,880 -6.70% -171 -621.60% -209.70% Ca/NP/E


Capital growth year-on-year
Rank Bank Country Equity growth
1 Cho Hung Bank South Korea 1528.60%
2 SeoulBank South Korea 312.90%
3 Equitable-PCI Bank Philippines 180.50%
4 Siam Commercial Bank Thailand 145.90%
5 Shanghai Pudong Development Bank China 138.90%
6 Hana Bank South Korea 136.30%
7 Bumiputra-Commerce Bank Malaysia 97.80%
8 Macquarie Bank Australia 82.70%
9 H&CB South Korea 72.30%
10 RHB Bank Berhad Malaysia 69.90%
11 Southern Bank Berhad Malaysia 62.50%
12 China Everbright Bank China 51.90%
13 Taiwan Business Bank Taiwan 46.80%
14 China Development Industrial Bank Taiwan 42.80%
15 China Merchants Bank China 42.30%
16 Chiao Tung Bank Taiwan 38.70%
17 E. Sun Commercial Bank Taiwan 36.50%
18 Taishin International Bank Taiwan 29.00%
19 National Australia Bank Australia 29.00%
20 Shinhan Bank South Korea 27.40%
21 Kookmin Bank South Korea 24.70%
22 Australia&New Zealand Banking Group Australia 23.40%
23 Koram Bank South Korea 22.10%
24 Suncorp-Metway Australia 19.60%
25 Punjab National Bank India 19.50%
26 Public Bank Berhad Malaysia 17.40%
27 Bank of Communications China 15.40%
28 Krung Thai Bank Thailand 15.40%
29 Westpac Banking Corp Australia 15.20%
30 International Bank of Taipei Taiwan 14.80%
31 Hong Leong Bank Berhad Malaysia 14.60%
32 Ta Chong Bank Taiwan 14.40%
33 State Bank of India India 13.90%
34 Grand Commercial Bank Taiwan 13.20%
35 Fubon Commercial Bank Taiwan 12.60%
36 Chinatrust Commercial Bank Taiwan 12.60%
37 Daegu Bank South Korea 12.60%
38 Malayan Banking Berhad Malaysia 12.20%
39 Metropolitan Bank&Trust Philippines 12.10%
40 Land Bank of Taiwan Taiwan 12.00%
41 Development Bank of Singapore Singapore 11.00%
42 Shanghai Commercial&Savings Bank Taiwan 10.80%
43 First Commercial Bank Taiwan 10.70%
44 Taipei Bank Taiwan 10.40%
45 Hua Nan Commercial Bank Taiwan 10.30%
46 Wing Hang Bank Hong Kong 9.90%
47 Union Bank of Taiwan Taiwan 9.70%
48 Bank of Shanghai China 9.60%
49 Wing Lung Bank Hong Kong 9.60%
50 Taiwan Cooperative Bank Taiwan 9.40%
51 Chang Hwa Commercial Bank Taiwan 9.40%
52 Bank of Baroda India 8.90%
53 Overseas Union Bank Singapore 8.90%
54 Commonwealth Bank of Australia Australia 8.40%
55 Shanghai Commercial Bank Hong Kong 8.20%
56 Cosmos Bank Taiwan 8.00%
57 United World Chinese Commercial Bank Taiwan 7.70%
58 Dah Sing Bank Hong Kong 7.50%
59 Taichung Commercial Bank Taiwan 7.50%
60 Bank of East Asia Hong Kong 7.30%


Asset growth year on year
Rank Bank Country Asset growth
1 BankThai Thailand 230.70%
2 Bank Mandiri (P.T.) Indonesia 152.00%
3 Macquarie Bank Australia 138.40%
4 Equitable-PCI Bank Philippines 126.30%
5 China Everbright Bank China 124.70%
6 Southern Bank Berhad Malaysia 94.00%
7 China Development Industrial Bank Taiwan 83.90%
8 Hana Bank South Korea 78.10%
9 Bank Central Asia Indonesia 60.10%
10 RHB Bank Berhad Malaysia 48.50%
11 Fujian Industrial Bank China 43.10%
12 Metropolitan Bank&Trust Philippines 34.80%
13 Bank of Shanghai China 29.90%
14 Cho Hung Bank South Korea 23.00%
15 Land Bank of Taiwan Taiwan 22.50%
16 Koram Bank South Korea 22.10%
17 Shanghai Pudong Development Bank China 21.50%
18 China Merchants Bank China 19.10%
19 Keppel TatLee Bank Singapore 18.80%
20 Hong Leong Bank Berhad Malaysia 18.50%
21 Taiwan Business Bank Taiwan 18.20%
22 Citic Industrial Bank China 17.70%
23 Ta Chong Bank Taiwan 16.80%
24 Farmers Bank of China Taiwan 16.50%
25 Grand Commercial Bank Taiwan 16.10%
26 Bumiputra-Commerce Bank Malaysia 15.80%
27 Fubon Commercial Bank Taiwan 15.70%
28 Chinese Bank Taiwan 15.00%
29 State Bank of India India 14.70%
30 Central Bank of India India 14.50%
31 United World Chinese Commercial Bank Taiwan 14.50%
32 China Construction Bank China 14.40%
33 Punjab National Bank India 14.00%
34 Guangdong Development Bank China 14.00%
35 Entie Commercial Bank Taiwan 13.60%
36 Asia Pacific Bank Taiwan 13.60%
37 Commonwealth Bank of Australia Australia 13.40%
38 Bank Sinopac Taiwan 12.90%
39 Agricultural Bank of China China 12.50%
40 Westpac Banking Corp Australia 12.10%
41 Wing Lung Bank Hong Kong 12.10%
42 E. Sun Commercial Bank Taiwan 12.00%
43 Liu Chong Hing Bank Hong Kong 11.90%
44 St George Bank Australia 11.70%
45 Chinatrust Commercial Bank Taiwan 11.20%
46 Bank of Communications China 11.20%
47 Taipei Bank Taiwan 11.10%
48 National Australia Bank Australia 10.80%
49 Citic Ka Wah Hong Kong 10.50%
50 Taiwan Cooperative Bank Taiwan 10.50%
51 Canara Bank India 10.30%
52 United Overseas Bank Singapore 10.20%
53 First Commercial Bank Taiwan 10.10%
54 Daegu Bank South Korea 9.90%
55 International Bank of Taipei Taiwan 9.80%
56 H&CB South Korea 9.70%
57 Chang Hwa Commercial Bank Taiwan 9.50%
58 Bank of Baroda India 9.50%
59 Dah Sing Bank Hong Kong 9.40%
60 Industrial&Commercial Bank of China (ICBC) China 9.30%
61 Australia&New Zealand Banking Group Australia 9.30%
62 International Commercial Bank of China Taiwan 9.10%
63 Hua Nan Commercial Bank Taiwan 8.80%
64 Union Bank of Taiwan Taiwan 8.80%
65 Malayan Banking Berhad Malaysia 8.40%
66 Shanghai Commercial&Savings Bank Taiwan 8.30%
67 Development Bank of Singapore Singapore 8.30%
68 Dao Heng Bank Hong Kong 7.70%
69 Suncorp-Metway Australia 7.60%
70 Bank of Taiwan Taiwan 7.40%
71 Far Eastern International Bank Taiwan 7.40%
72 Bank of Overseas Chinese Taiwan 7.30%
73 Bank of East Asia Hong Kong 7.20%
74 Shinhan Bank South Korea 6.80%
75 Dah An Commercial Bank Taiwan 6.30%
76 Cathay United Bank Taiwan 5.40%
77 Taishin International Bank Taiwan 5.30%
78 Shanghai Commercial Bank Hong Kong 4.70%
79 Cosmos Bank Taiwan 4.40%
80 Wing Hang Bank Hong Kong 4.10%
81 Bank of China China 3.70%
82 Public Bank Berhad Malaysia 3.10%
83 Hsinchu International Bank Taiwan 2.80%
84 Chiao Tung Bank Taiwan 2.70%
85 Bank of the Philippine Islands Philippines 2.30%
86 Bank of India India 1.40%
87 HKCB Bank Holding Hong Kong -0.10%
88 Far East Bank and Trust Co. Philippines -2.60%
89 Taichung Commercial Bank Taiwan -3.30%
90 Overseas Chinese Banking Corp Singapore -4.40%
91 Kookmin Bank South Korea -5.10%
92 Thai Farmers Bank Thailand -7.70%
93 Siam Commercial Bank Thailand -7.90%
94 Overseas Union Bank Singapore -10.30%
95 Korea Exchange Bank South Korea -11.10%
96 Krung Thai Bank Thailand -11.20%
97 Bangkok Bank Thailand -11.40%
98 Bank of Ayudhya Thailand -12.00%
99 SeoulBank South Korea -13.30%
100 Hanvit Bank South Korea -14.90%


Return on equity change
Rank Bank Country RoE, period end RoE, period end 1998
1 Punjab National Bank India 21.30% 23.80%
2 H&CB South Korea 21.10% -31.10%
3 Commonwealth Bank of Australia Australia 20.40% 15.80%
4 Suncorp-Metway Australia 20.00% 21.00%
5 Bank of Shanghai China 17.90% 21.80%
6 Macquarie Bank Australia 17.00% 25.30%
7 State Bank of India India 16.90% 9.90%
8 Westpac Banking Corp Australia 16.40% 15.00%
9 Bank Central Asia Indonesia 15.70% 111.30%
10 Australia&New Zealand Banking Group Australia 15.70% 13.20%
11 Bank of Baroda India 15.60% 14.50%
12 National Australia Bank Australia 15.20% 12.80%
13 Wing Hang Bank Hong Kong 14.00% 11.40%
14 Wing Lung Bank Hong Kong 14.00% 10.80%
15 Dao Heng Bank Hong Kong 13.80% 10.20%
16 Bank of the Philippine Islands Philippines 13.40% 16.70%
17 Malayan Banking Berhad Malaysia 12.80% 10.20%
18 Dah Sing Bank Hong Kong 12.80% 7.00%
19 Public Bank Berhad Malaysia 12.50% 1.20%
20 Shanghai Pudong China 11.90% 24.00%
21 Shanghai Commercial Bank Hong Kong 11.80% 11.20%
22 United Overseas Bank Singapore 11.50% 5.40%
23 International Bank of Taipei Taiwan 11.20% 10.80%
24 China Development Industrial Bank Taiwan 10.90% 12.40%
25 Shanghai Commercial&Savings Bank Taiwan 10.50% 12.60%
26 United World Chinese Commercial Bank Taiwan 10.50% 10.40%
27 Chiao Tung Bank Taiwan 10.40% 13.20%
28 Land Bank of Taiwan Taiwan 10.10% 11.50%
29 Development Bank of Singapore Singapore 10.10% 1.10%
30 Bank of East Asia Hong Kong 9.90% 5.90%
31 Canara Bank India 9.60% 9.90%
32 Keppel TatLee Bank Singapore 9.50% 16.70%
33 Citic Industrial Bank China 9.50% 17.80%
34 Taiwan Cooperative Bank Taiwan 9.40% 11.20%
35 Grand Commercial Bank Taiwan 9.30% 6.20%
36 Overseas Union Bank Singapore 9.30% 4.00%
37 Chinatrust Commercial Bank Taiwan 9.30% 8.70%
38 Overseas Chinese Banking Corp Singapore 9.30% 6.60%
39 Fujian Industrial Bank China 8.80% 10.50%
40 International Commercial Bank of China Taiwan 8.40% 8.60%
41 Bank Sinopac Taiwan 8.30% 4.80%
42 Fubon Commercial Bank Taiwan 8.30% 5.40%
43 China Merchants Bank China 8.20% 18.10%
44 Taishin International Bank Taiwan 8.20% 8.40%
45 Central Bank of India India 7.80% 7.50%
46 Bank of India India 7.60% 9.20%
47 E. Sun Commercial Bank Taiwan 7.50% 8.80%
48 Hana Bank South Korea 7.50% 8.50%
49 First Commercial Bank Taiwan 7.40% 9.50%
50 China Everbright Bank China 7.30% 14.40%
51 Taiwan Business Bank Taiwan 7.30% 9.40%
52 Hua Nan Commercial B, ank Taiwan 7.00% 9.90%
53 Bank of Communications China 6.90% 6.20%
54 Liu Chong Hing Bank Hong Kong 6.80% 6.70%
55 Union Bank of Taiwan Taiwan 6.70% 5.20%
56 Hong Leong Bank Berhad Malaysia 6.70% 2.50%
57 Taipei Bank Taiwan 6.60% 11.00%
58 RHB Bank Berhad Malaysia 6.50% 1.80%
59 Metropolitan Bank&Trust Philippines 6.20% 10.70%
60 Chang Hwa Commercial Bank Taiwan 6.10% 6.10%
61 Asia Pacific Bank Taiwan 5.60% 7.40%
62 Southern Bank Berhad Malaysia 5.30% 3.10%
63 Daegu Bank South Korea 5.30% -95.50%
64 Koram Bank South Korea 5.00% 5.00%
65 Cosmos Bank Taiwan 4.90% 5.70%
66 China Construction Bank China 4.60% 1.10%
67 Bumiputra-Commerce Bank Malaysia 4.50% -76.50%
68 St George Bank Australia 4.30% 5.90%
69 Guangdong Development Bank China 4.20% 4.70%
70 Bank of Taiwan Taiwan 4.00% 16.20%
71 Shinhan Bank South Korea 3.90% 1.10%
72 Taichung Commercial Bank Taiwan 3.50% -21.20%
73 Far East Bank and Trust Philippines 3.10% 9.70%
74 Bank of China China 3.00% 4.00%
75 Equitable-PCI Bank Philippines 2.70% 9.80%
76 Entie Commercial Bank Taiwan 2.50% 3.90%
77 Industrial&Commercial Bank of China (ICBC) China 2.30% 1.90%
78 Citic Ka Wah Hong Kong 2.00% 2.00%
79 Far Eastern International Bank Taiwan 2.00% 4.60%
80 Chinese Bank Taiwan 1.60% 4.50%
81 Farmers Bank of China Taiwan 1.30% 7.80%
82 HKCB Bank Holding Hong Kong 1.00% -16.30%
83 Cathay United Bank Taiwan 0.20% 4.90%
84 Ta Chong Bank Taiwan 0.10% 5.30%
85 Hsinchu International Bank Taiwan 0.00% 8.30%
86 Agricultural Bank of China China -0.30% -0.70%
87 Kookmin Bank South Korea -0.80% -10.70%
88 Dah An Commercial Bank Taiwan -11.20% 4.90%
89 Bank of Overseas Chinese Taiwan -11.60% 0.70%
90 Cho Hung Bank South Korea -34.00% -1451.00%
91 Korea Exchange Bank South Korea -52.60% -52.40%
92 Siam Commercial Bank Thailand -66.20% -96.50%
93 Hanvit Bank South Korea -85.20% -41.60%
94 Krung Thai Bank Thailand -90.90% -73.80%
95 Bank of Ayudhya Thailand -95.80% -35.60%
96 BankThai Thailand -112.80% 2060.50%
97 Bangkok Bank Thailand -132.20% -49.30%
98 Thai Farmers Bank Thailand -148.60% -76.50%
99 SeoulBank South Korea -213.60% -830.70%
100 Bank Mandiri (P.T.) Indonesia -705.30% 125.30%


,
Profit growth year on year
Rank Bank Country Income growth
1 Public Bank Berhad Malaysia 1102.70%
2 Development Bank of Singapore Singapore 875.80%
3 RHB Bank Berhad Malaysia 522.10%
4 China Construction Bank China 356.10%
5 Shinhan Bank South Korea 335.40%
6 Hong Leong Bank Berhad Malaysia 210.00%
7 Southern Bank Berhad Malaysia 179.70%
8 Overseas Union Bank Singapore 152.30%
9 United Overseas Bank Singapore 126.90%
10 Bank of Ayudhya Thailand 118.60%
11 Hana Bank South Korea 107.90%
12 Dah Sing Bank Hong Kong 95.70%
13 State Bank of India India 94.90%
14 Bank Sinopac Taiwan 83.10%
15 Bank of East Asia Hong Kong 81.20%
16 Fubon Commercial Bank Taiwan 73.60%
17 Grand Commercial Bank Taiwan 70.20%
18 Siam Commercial Bank Thailand 68.60%
19 National Australia Bank Australia 53.80%
20 Australia&New Zealand Banking Group Australia 46.90%
21 Dao Heng Bank Hong Kong 43.90%
22 Overseas Chinese Banking Corp Singapore 43.30%
23 Hanvit Bank South Korea 43.10%
24 Union Bank of Taiwan Taiwan 42.40%
25 Wing Lung Bank Hong Kong 42.40%
26 Krung Thai Bank Thailand 42.30%
27 Malayan Banking Berhad Malaysia 40.40%
28 Commonwealth Bank of Australia Australia 39.90%
29 Wing Hang Bank Hong Kong 35.40%
30 Bank of Communications China 27.70%
31 Westpac Banking Corp Australia 25.70%
32 China Development Industrial Bank Taiwan 25.70%
33 Taishin International Bank Taiwan 25.70%
34 Macquarie Bank Australia 22.80%
35 Koram Bank South Korea 22.00%
36 Chinatrust Commercial Bank Taiwan 20.30%
37 Industrial&Commercial Bank of China (ICBC) China 19.50%
38 International Bank of Taipei Taiwan 19.00%
39 Shanghai Pudong Development Bank China 18.70%
40 E. Sun Commercial Bank Taiwan 17.10%
41 Bank of Baroda India 16.80%
42 Shanghai Commercial Bank Hong Kong 14.50%
43 Bangkok Bank Thailand 14.30%
44 Taiwan Business Bank Taiwan 13.70%
45 Suncorp-Metway Australia 13.70%
46 Thai Farmers Bank Thailand 11.70%
47 Chang Hwa Commercial Bank Taiwan 9.90%
48 Chiao Tung Bank Taiwan 9.50%
49 BankThai Thailand 8.90%
50 United World Chinese Commercial Bank Taiwan 8.40%
51 Punjab National Bank India 7.20%
52 SeoulBank South Korea 6.10%
53 Citic Ka Wah Hong Kong 5.70%
54 Liu Chong Hing Bank Hong Kong 5.00%
55 International Commercial Bank of China Taiwan 4.10%
56 Canara Bank India 1.80%
57 Central Bank of India India 1.50%
58 Land Bank of Taiwan Taiwan -1.40%
59 Shanghai Commercial&Savings Bank Taiwan -7.50%
60 Cosmos Bank Taiwan -7.60%

Methodology

The rankings of Asia-Pacific banks were compiled by Moody’s Investors Service from commercial banks’ annual reports and financial statements for 2000 and 1999. The country-specific ratio rankings were derived from the same tables by Euromoney.

Where possible, figures are presented in consolidated form. Banks owned by other financial institutions are not listed separately. Subsidiaries and branches are not shown either.

Definitions:

Shareholder equity: the sum of issued common stock, capital surplus/premium, statutory reserve, legal reserve, revaluation reserve, contingency reserves, retained earnings, net profit for the year and minority interest. Where consolidated data are used, shareholder equity includes group equity attributable to minorities.

Total assets: as reported in financial statements.

Net income: as reported in financial statements before appropriation.

Return on equity, period-end: net income divided by equity at fiscal year end.

Moody’s Ratings refer, respectively, to long-term deposits, short-term deposits and to financial strength. Where there is no deposit rating on the group the rating refers to the major bank within the group.

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